Answer: $116,000
Step-by-step explanation:
The net operating income will be the operation profit after deducting the expenses from the accrued revenue (reserve exclusive)
The revenue generated are $215,000 + $3,000
= $218,000
Expenses incurred;
$102,000
The net operating income = $218,000 - $102,000
= $116,000
Note that reserves is not used in business operation. Therefore it cannot be regarded either as revenue or expenses.
Well, if you have a word problem for example:
Maria has 24 backpacks and 12 textbooks. She needs to fit all the books in the backpacks evenly. How will she do that?
So you could do 24 ÷ 12 = 2 textbooks per backpack OR
Add 12 together until you get to 24, 12 + 12 = 24
So all you need to do is show your work and how you solved both solutions to any type of problem. (Hope this was helpful!)
